Q. 123.8( 4 Votes )
What is the effect of black money on our economy?
The unaccounted money that circulates in the market is referred to as black money.
The effect of black money are:
a. Black money means a substantial loss in revenue for the government.
b. shortage created by black money is resorting by raising more indirect taxes, that increases the burden on middle and poor class people.
c. Black money results in the transfer of funds from India to foreign countries.
d. Black money has also corrupted our political system.
Rate this question :
What is the effect of black money on our economy?Telangana Board - Social Science
Ordinary food items, such as grain, pulses, oil are used by all. Then why is it said that imposing a tax on them will have a greater effect on the poor?Telangana Board - Social Science
What is the difference between the Excise duty and Customs duty?Telangana Board - Social Science
Match the following:
Is there any hike in the bus fares recently? If so, try to know the reasons for it.Telangana Board - Social Science
How would VAT reduce the evasion of taxes on goods?Telangana Board - Social Science
You are expected to tax on steel, matches, clocks, cloth, iron; a tax increase on which of these would affect the prices of other commodities the most, and why?Telangana Board - Social Science
Why does the government need a budget? Why does the budget talks of taxes?Telangana Board - Social Science
Read the paragraph under the heading ‘Direct Taxes' and answer the following: Why do high-income earners pay more tax?Telangana Board - Social Science